9 The prices of resources will be determined by both supply and demand. The demand for a

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9 The prices of resources will be determined by both supply and demand. The demand for a resource will reflect the demand for products that it helps to make. The supply of resources will reflect the human and physical capital investment decisions of individuals and firms.

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Essentials Of Economics

ISBN: 396414

2nd Edition

Authors: James D Gwartney; Richard Stroup; J R Clark

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